One of Brazil’s leading chocolate producers, Garoto, has been acquired by Swiss giant Nestlé.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The Swiss group is believed to have paid upwards of R$500m (US$212.8m) to acquire the company.


Chocolate represents more than 10% of Nestlé’s business in Brazil and is currently worth nearly R$600m, according to Gazeta Mercantil. The Swiss group currently enjoys a market share of around 37%, including the share it inherits with Garoto. The deal takes Nestlé ahead of former market leader Lacta, in second position with 26%.


Nestlé will retain the 25 production plants operated by Garoto throughout Brazil, and spend US$150m upgrading them.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now